Soybean, refined soy oil futures decline on sluggish demand

Soybean, refined soy oil futures decline on sluggish demand


Soybean, refined soy oil futures decline on sluggish demand
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Last Updated: Apr 26, 2021, 08:10 PM IST
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Synopsis
NCDEX soybean futures for May declined by Rs 239 or 3.29 per cent to Rs 7,032 per 100 kilogram in 81,285 lots.
Agencies
The June contract declined by Rs 280 or 3.94 per cent to Rs 6,849 per quintal in 37,410 lots.
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Soybean prices declined more than 3 per cent on Monday as traders trimmed their positions amid weak demand in the spot market.
NCDEX soybean futures for May declined by Rs 239 or 3.29 per cent to Rs 7,032 per 100 kilogram in 81,285 lots.
Sources said the reduction in the size of orders by traders was behind the sharp fall in the futures market.

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